The Cruise Shipping Miami conference and exhibit will be moving to Fort Lauderdale starting in 2016, the Sun Sentinel reported on February 3.

The Miami Beach Convention Center in Miami, where the conference is usually held, is going to be renovated, providing Broward County with a golden opportunity to take over the cruise ship conference.

The 2015 event, the 31st annual Cruise Shipping Miami, will take place March 16-19 in Miami Beach. In late December, however, the convention center will begin upgrades with an allotted $500 million.

Local Broward County tourism authorities and convention center officials said they have signed a three-year contract to be the home of the event up to 2018, with an option to extend such agreement until 2019.

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